USDA and FHA Pro and Con in Highland-Park, Lake County, IL
In 2025, the USDA loan limit in Highland-Park, located in the county of Lake, IL, is set at $0, whereas the FHA limit for a single-family residence is $379,500.
Utilize the Lendersa® USDA loan calculator to evaluate and contrast the optimal USDA and FHA rates today, identifying the income, credit standing, reserves, and documentation needed for qualification. Our sophisticated mortgage calculator displays USDA, FHA, Conforming, and VA options side by side, assisting you in choosing the best plan for your specific financial situation in .
Loan Limits and Down Payment Requirements for 2025 in Highland-Park, Lake, IL
Loan Type
Loan Limit
Down Payment
USDA
$0
0%
FHA
$379,500
3.5%
Conventional Conforming
$548,250
3%
Available USDA and FHA Loan Programs in Highland-Park, IL
The primary aim of Lendersa® is to connect you to the most suitable USDA or FHA loans swiftly and without difficulty. Choose from three initial points to match with lenders and USDA loan opportunities.
A USDA home loan, alternatively known as a USDA mortgage or rural development loan, is guaranteed by the Department of Agriculture and is accessible solely in rural areas. Distinct from FHA loans, which necessitate a minimum down payment of 3.5%, the USDA mortgage requires no down payment, offering a unique financial advantage.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
North Shore Trust and Savings’ focus since 1921 has been home ownership and wealth accumulation for our customers. We continually invest in training our team and updating technology to better serve our customers, and we give back to the communities that support us through civic service and financial literacy programs.
The De La Cerda Team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
1420 Renaissance Dr, Suite 310, Park Ridge, IL, 60068
First Commercial Funding Corp.is a group of commercial funding consultants withover 50 years of combined commercial lending experience.Over the last 30 years, we have experienced firsthandall the ups and downs of the commercialreal estate market and by association, the commercial lending market
Tim Perry has a unique perspective as a “one-stop shop” for both realty and loans. More importantly, he prides himself in understanding each individual situation to ensure that his clients get the expertise they need. These qualities have helped close over 10, 000 mortgages since 1993.
1410 Higgins Road, Suite 103, Park Ridge, IL, 60068
At GRU Financial we provide various types of financing for individuals and businesses. Our expertise and partnerships with national lenders guarantee complete satisfaction of your financial needs. We will provide you with free credit and income analysis, and advise you how to prepare for the purchase.
Mariana Kotzeva Loan Specialist at MUTUAL FINANCIAL CORPORATION With 15 years of successful experience in position of increasing responsibility and duties. Top performer with track record of consistently meeting or exceeding sales goals and customer expectations. Skilled in educating customers on mortgage products
1300 W. Higgins Road, Suite 201, Park Ridge, IL, 60068
Blueleaf Lending is a boutique-lending firm that specializes in Residential Mortgages, Commercial Real Estate Lending, and Business Lending. We have the unique ability to structure all types of loan facilities tailored to client needs, including fixed-rate loans, value-added loans and loans to facilitate the acquisition and rehab of real estate.
1030 W Higgins Rd, Suite 210, Park Ridge, IL, 60068
"Great Lakes Home Mortgage, Inc. provides its customers with the variety of mortgage products as well as access to various lenders and investors that is necessary in this constantly changing business.
Services: Whether it is no mortgage insurance programs, equity loans, fixed rates, adjustable rates, jumbo loans."
Dovenmuehle, we understand the importance of your
members and provide the solutions and experiences
you need to build trusted relationships with them. Our
commitment to innovation and technology means we
develop leading member experiences and our
thoughtful approach to service means we provide the
care and hands-on support they need.
4180 North Route 83, Suite 8, Lake Zurich, IL, 60047
Our experience and expertise have enabled us to navigate through the recent mortgage crisis. Many other companies closed, but we sharpened our skills and not only are we still open, but we are stronger, more experienced, and better equipped to handle your financing needs. We are a full-service mortgage lender with an experienced staff.
1311 S Princeton Ave, Arlington Heights, IL, 60005
The Mortgage Store Co., where we specialize in residential mortgages. At The Mortgage Store Co., we will find a loan that fits each borrower. Unlike big banks that have "order takers" helping you with your loan, we have highly skilled loan consultants. Our consultants know what it takes to get through underwriting quickly.
